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1480 NW 20th Ct
Fort Lauderdale, FL 33311 Lauderdale Manors

$899,000 USD

Apartments For Sale  •  2,187 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,187 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1973
  • Cap Rate 5.92 %
  • Zoning RM-15
36 Transit Score
25 Walk Score

Highlights

Stable Income Stream – Fully occupied fourplex generating $6,000 per month with upside potential by aligning rents to current market levels.
Strong Unit Mix – Two 1-bed/1-bath units, one 1-bed + den, and one studio, appealing to varied renters.
Major Upgrades – New roof, impact windows, central A/Cs, and updated electrical panels for low maintenance.
Prime Location – Minutes to Downtown, Las Olas, I-95, and Sunrise Blvd, close to jobs, dining, and retail.
High Demand Market – Situated in a fast-growing area with strong tenant demand and rising rental values.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $57,858 USD (2025)
Cap Rate: 5.92 %
Total Expenses: $24,942 USD

Amenities

  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Fort Lauderdale (Mainline - Brightline) 7 min - 3.1 mi
Fort Lauderdale (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 9 min - 3.6 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 16 min - 8.5 mi
Miami International 52 min - 33.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Elior Levi 954-743-7594 Fausto Commercial Realty Consultants
Elior Levi 954-743-7594 Fausto Commercial Realty Consultants